Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 11.48%. However, over the last six months, the performance has been weaker by 12.84%. The price of CNQ increased 19.66% over the last 30 days. And in the last five days, it has surged by 1.61%.
Canadian Natural Resources Ltd. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $73.19 on 03/07/24, while the lowest price for the same period was registered at $48.81 on 03/16/23.
52-week price history of CNQ Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Canadian Natural Resources Ltd.’s current trading price is -0.20% away from its 52-week high, while its distance from the 52-week low is 49.64%. The stock’s price range during this period has varied between$48.81 and $73.19. The Canadian Natural Resources Ltd.’s shares, which operate in the Energy, saw a trading volume of around 2.67 million for the day, a figure considerably lower than their average daily volume of 3.11 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Canadian Natural Resources Ltd. (CNQ) has experienced a quarterly rise of 16.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 78.21B and boasts a workforce of 10035 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 65.03, with a change in price of +6.10. Similarly, Canadian Natural Resources Ltd. recorded 3,188,826 in trading volume during the last 100 days, posting a change of +9.11%.
CNQ’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CNQ stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.28.
CNQ Stock Stochastic Average
As of today, Canadian Natural Resources Ltd.’s raw stochastic average for the last 50 days stands at 98.56%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 98.50%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 94.41% and 92.46%, respectively.
